The Finance Minister of Ghana, Ken Ofori-Atta going to present mid-year budget

The Finance Minister of Ghana, Ken Ofori-Atta has said that the ministry is going to present the mid-year budget review to Parliament on Thursday 23rd July 2020.

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The Finance Minister of Ghana, Ken Ofori-Atta has said that the ministry is going to present the mid-year budget review to Parliament on Thursday 23rd July 2020.

According to the news report, the presentation of the statement on the review of government projections for the 2020 financial year will be backed by a request for supplementary estimates.

Government projections for the 2020 financial year have largely been affected by the economic implications of the Coronavirus pandemic.

The Minister will also be expected to provide to Parliament a clear plan on how the government intends to pay back GHS10 billion it borrowed from the Bank of Ghana (BoG) and the 219 million dollars transferred from the Stabilization Fund to the Contingency fund to help deal with the impact of the COVID-19 pandemic.

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